Green News and Press Releases

International Transportation Service, Inc. (ITS), "K" Line’s marine terminal subsidiary
based in Long Beach has concluded a new 20-year lease agreement with the Port of Long Beach. This innovative deal
focuses on accommodating cargo growth and improving terminal efficiencies, while at the same time reducing the
environmental impact of expanding operations.

As part of the new agreement, ITS will phase in shore powering capabilities. The dockside capability will be
phased in over the next six years and will be built by the Port, while "K" Line will invest in the technology
to equip the vessels for shore powering. "K" Line estimates that the total investment into outfitting its
ships will reach $ 20 million. Initially 5 of "K" Line’s ships will be outfitted to shift to shore
power, but ultimately all ships calling at ITS will embrace shore powering capability.

Shore powering, a practice that is also referred to as ‘cold ironing’, will allow "K" Line vessels
to shut down their auxiliary power motors while at berth, which in turn will significantly reduce stack exhaust
emissions into the local atmosphere. ITS will also shift fuel usage of yard equipment to verified emulsified
"clean" diesel fuels and will further upgrade the engine standards of yard handling equipment, in order
to achieve maximum air emissions reductions.

ITS will have the option to expand its existing 246 acre facility by another 70 acres. The terminal expansion
will support further cargo growth, while simultaneously streamlining terminal operations, as well as accommodating
expanded on dock double stack train capability

"K" Line operates 385 cargo ships in the container, energy and car carrier businesses, generating
annual revenues of $8 billion. As one of the largest global ocean transportation companies, "K" Line
is committed to environmental preservation. This investment in shore powering is just another example of
"K" LineLine’s environmental commitment. "K" Line is ISO 14001 certified and has
been recognized for its commitment to environmental protection by being listed in the FTSE 4 Good Global Index.